The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-11-16

tons moro than doubled itself In 1890, tho snort
mage, as, II under tho biishtl9e ina9enSe q
aSan %on NOS o
| And when We come to tho percentage OF the
exports and imports carried in American yea 4,
1860 1t wac coy per cent. in 1885 y is only 10
per cent Il is not strange that the patriots NC
way TO the apprehension that the naviga..
ton interosts should cease to be On the list OF
eipal one will be found TO be what almost every
and sssat %sTG rssactons are
to human thought and human freedom. -,
Civilization, Il the prncpe q mereaniis in
sa My hyS The sssed ef
enlarRing the capacity Of freighting. faeilitat-
ing the certainty and quickness Of eorrespoppd5,
triGuiod to tie expansion o. commerce: But
WRss nsm al What L
with the invention OF tho bill Of exchange, the
discovery OF the force Of credit, which. like an
ito most sold forms and bears even 'immoya-
BILE properties to the uttermost ends OF the
"You may surround credit with all the guar
antees and securities that you. can command,
upon what does y finally rest but upon mer-
truly and beautifully said. Of the value and
SS hs s sS1s1 s , shs "a Ps
and snnobIes individual and national charac-
Of the merchants OF Venice. the bankers Of Ann
sterdam. the goldsmiths OF London and Edin-
to day bas
the credit Of the merchant should be rs far be-
yond suspicion as the knights courage or
w9 TPs aoa setS'sEh Queen Q, Great Britain
heard hs s STRAINS S Of
toast Of The United states-,with a, Govern
the enSs 81 honest or labor the eneme
Joyous welcome to the Hon. Channcey Mitchell
speaking for IFS country. Every point in his
speech, was, enthusiastically received; He
created laughter serious thought and boom boom
OF the evening. MIR. Depew said
oHAuNcEY pEpEw's SPEECH.
Your Chairman has illustrated the truthful
character Of trade BY the statement which he
Whole force q The poiitIsal body poiIS The
erat as he was IIaughterl. the Mugwump by
see the pro6ibitionisf. T.auehter:i 4 our
speeeihes are to cover the wide range Of that OF
college days. when the. Professor said, to me-
:. Your time is three minutes; your subject Is
I'VE have hsd q o ens s annual lessons in tho
election. the clamor Of which is still ringing in
our ears and the results are suggestive. They
probsbfs canadatss The @e%bers Pari ao
papers IN the heat 81 the eontrovorsy thought
tho Scriptures and our partisan vocabulary
Hons Il our rIyals: thai his i the most ga;
that the issue fous6s and won e Was the vrtue
Of simple Christian life. In the larger con-
iiict which covered the Stale all parties may
highest political wisdom not to fool with dan,
hereses which affect the stability Of
fallacies and denounce their results.
cent election, but Just at tho close OF the most
81 Ro oRss Oh o
youngest OF great cities, was solving problem
ser to the future Of
fallen te the lot Of any. municipality in a CEN
fury. The principles involved became OF ma
Of anarchy In america Interested princes IS and
sfe aod Of the o
timentalists. the terror q the tfmid, and the
emphatic voice OF public opinion in the
mainly as was the execution. It demonstrated
that the velvet G e. b. q liberty the
grip Of the, secret police ever on his shoulder,
and behind the ranks Of the constabulary arc
forces OF the standing armies garrison every
town and are biyouacked In every centre Of
rm az and
liz Is upon the yislant enforcement Of the the
aW % prop esfa for ro
raptne. and murder. fearing the consequences
OF Its acts under Or
Triumph Of It's efforts, the time has come f Tor
ians Of the law the world over are not 60 dan
geTous as free people when aroused to, a
full sence Of pSbitS and private danger The
heroes who fell lighting for the fias. expressed
situations. their Constitution and their liberty.
There have arrived upon our shores In the
last ten years million more people than In
ton Of the Government While we g can ms still wei
come those who will add to our strength and
should most rigIdiy inquire who these emf nj
grants are. and for what purpose they come.
No quarantine cholera, yellow fever, and
smallpox, and We ought to have O national
department of political health. empowered to
search for paupers. lepers. and criminals. and
by summary procedure to seize the open and
blatant enemies OF our Government who are
not citizens and send them home.
AS things are now II u cause for quarrel
should arise with Russia or Austria or any
other power they need not declare war, but by
flooding our cities with the propaganda OF
treason and revolution they can paralyze our
business and destroy our peace without trouble
or expense to themselves.
Happily We can turn easily from these
gloomy forebodings to q splendid present and
brilliant future. All our ills are only the spots
uponthesun. which neither obscure nor impair
the glorious light OF the orb OF day. Never in
our history were we In such prosperous condi-
ton ard with our credit upon SO stable a basis.
A sound currency is the first necessity Of
ton or dispute. The panic of 1873 was one Of
the most disastrous In the series Of such calanl-
tiles. and its depression continued for years But
1t was the elimination Of the losses OF the civil
war OF wild speculation. of false finance and in
flation. With seven hundred and forty millions
of paper money We held for its redemption
only one hundred and thirty-ive millions Of
coin, Bankruptcy and ruin were the inev-
liable results. But to-day against eight hun
dred and twenty five millions OF paper, we have
nine hundred millions OF silver and gold
1.-THE promise Is welded to the pledge and